The Purpose of the Group is to improve the returns of investors in VCTs.
To provide guidelines of what Group members think is best practice, e.g. management fees, performance fees, directors’ tenure and independence.
To provide advice for investors on specific VCTs, by
Identifying investors who are interested in specific VCTs and willing to spend time in collaborating with others to share knowledge and identify areas of concern and to make recommendations
Providing mechanisms to exchange information
Publicising our views ...
This campaign is aimed at improving the quality of the companies listed on the AIM market managed by the London Stock Exchange and reforming some of its operations so that investors are less likely to lose money as a result of investing in AIM companies.
How the AIM Market Should be Improved
This campaign was launched with a press release in June 2016 (although the problems of the AIM market have been long-standing). It said the following:
The AIM market, which is run by ...
Directors’ pay is too high in many cases and needs to be reduced. High pay is looking increasingly like it is politically unacceptable and this may lead to a backlash of business regulation that will be detrimental to investors.
This campaign is aimed at improving the quality of remuneration arrangements of the companies listed on the Main London stock market, and the AIM market managed by the London Stock Exchange, so that investors are:
i. Less likely to lose money as a result of ...
Guaranteed Rights for Shareholders
In October 2014 ShareSoc launched a campaign to give full rights to ALL shareholders.
At present most private investors purchase shares in nominee accounts. With a very few exceptions this means that they have no automatic rights to vote, to attend General Meetings of companies or even receive information on the affairs of the company. The nominee system disenfranchises the vast majority of private shareholders.
Commercial Interests have taken Precedence
This situation has arisen because the nominee system offers ...
Are you a shareholder in Blancco Technology Group plc (BLTG), listed on the AIM market? Or did you cease to be a shareholder in the company during 2017? If so, we would like to hear from you.
Sharesoc is launching a campaign to have Blancco investigated by the Financial Conduct Authority (FCA) and the Financial Reporting Council (FRC). We have highlighted issues concerning the restatement of 2016 accounts that increased the previously reported loss by £1.5 million and the reversal of two ...
ShareSoc has advocated the implementation of Shareholder Committees since our inception in 2011. Recently this initiative has received support in the form of the Government's November 2016 Green Paper on Corporate Governance, and in the form of Chris Philp M.P.'s September 2016 paper entitled Restoring Responsible Ownership.
ShareSoc has decided to focus on RBS as a complex enterprise whose governance would benefit from the adoption of a Shareholder Committee.
ShareSoc has submitted a resolution for the RBS AGM requesting the implementation of an ...
On the 7th November 2016, out of the blue, Redcentric plc published a shock announcement disclosing the discovery of misstatements in the company’s accounts.
Unsurprisingly, this announcement precipitated a collapse in the company’s share price from 150p to 63p that day (it had previously traded as high as 200p earlier in 2016 and has subsequently recovered somewhat).
The announcement, and subsequent announcements, combined with previous events raises serious concerns for shareholders in Redcentric. On behalf of individual shareholders, ShareSoc is investigating what occurred, with ...
This page was created to inform shareholders in Globo Plc about the events in October/November 2015 and thereafter.
Globo - The Sequence of Events
An organisation called Quintessential Capital Management (QCM) published a report on the 22nd October on Globo. The next morning the shares were suspended at the request of the company so as to enable them to provide a detailed response.
QCM acknowledged that they are active in short selling and had taken a short position in Globo. They also have links to ...
Latest news and a form enabling you to join this campaign can be found at the foot of this page.
This page was created to inform shareholders in Foresight 4 VCT Plc - a Venture Capital Trust with a patchy performance record. Foresight took over the management of Advent 2 VCT in 2004 and renamed it Foresight 4. In 2012 there were mergers with Foresight Clearwater VCT and with Foresight 5 and the Acuity VCT 3 - the latter two forming a separate class ...
This campaign was launched in May 2015 subsequent to the proxy fight by Elliott Advisors to appoint three new directors to the board of the company. ShareSoc supported Elliott and published a press release and a further note on the issues they had raised - see Alliance-Press-Release. Although the board conceded defeat by accepting two of the Elliott nominees and the appointment of another director, several private investors approached ShareSoc as they still had further concerns about the future strategy and ...